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PIMCO GIS Euro Long Average Dur Ins Inc

The investment objective is to seek to maximise total return, consistent with preservation of capital and prudent investment management.
The Fund invests at least two-thirds of its assets in a diversified portfolio of Euro-denominated Fixed Income Instruments. The average portfolio duration of this Fund will normally (as defined) vary within two years (plus or minus) of the duration of Citigroup Euro Broad Investment Grade Index > 15 years. The Fund invests primarily in investment grade securities, but may invest up to 10% of its assets in Fixed Income Instruments that are rated lower than Baa by Moody’s or lower than BBB by S&P but rated at least B by Moody’s or S&P (or if unrated, determined by the Investment Adviser to be of comparable quality).